The Relative Strength Index (RSI) turns bullish (remember, in a true bull market, the RSI can remain overbought for months).
Bitcoin Easily Stands Firm Above the Weekly Super Trend Line
Ethereum is slightly lagging behind, but is catching up.
M2 Money Supply Expands AgainThe price of Bitcoin has an 83% correlation with the global M2 money supply.
Macroeconomic Environment: From Chaos to Calm
The economy may be stronger.
Liquidity injection rather than tightening
Volatility decreases, direction becomes clearer
Institutional funds are pouring in
MicroStrategy continues to buy Bitcoin like buying oxygen.
The spot Bitcoin ETF has gone live, and older investors (boomers) are scrambling to buy.
Dozens of altcoin ETFs may soon be launched
A bill supporting cryptocurrencies is advancing in Congress.
Even the SEC seems to be curbing its "witch hunt" against cryptocurrencies.
How to respond correctly
Go with the flow. Don't try to short the pullback, now is not the time.
Buy on dips. A pullback is not a selling signal, but an opportunity to enter.
Define your goals. Choose your Token wisely, set limit orders, and keep some funds reserved for emergencies.
Develop a selling plan. You need an exit strategy; don't let your profits go to waste. Cashing out in batches is a good method.
Pay attention to macro catalysts. The next Federal Reserve meeting is in June, and interest rate cuts may further extend the upward trend. But if not, be prepared for volatility.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Encryption Wealth Code: Is now the best time to get on board?
K-line chart lights up green - momentum is strong
M2 Money Supply Expands Again The price of Bitcoin has an 83% correlation with the global M2 money supply.
Macroeconomic Environment: From Chaos to Calm
Institutional funds are pouring in
How to respond correctly
Final Thoughts
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